Fraud detection is a critical activity that can span a series of fraud schemes and fraudulent activity from bank employees and customers alike. Our experts use analytics to encounter the following problems:
Cash Transaction Monitoring
- Identify cash transactions just below regulatory reporting thresholds
- Identify a series of cash disbursements by customer number that together exceed the regulatory reporting threshold
- Identify statistically unusual numbers of cash transfers by the customer and bank account
Billing
- Identify an unusually large number of waived fees by branch or by an employee
Check Tampering
- Identify missing, duplicate, void, or out of sequence check numbers
- Identify checks paid that do not match the check issued, by the bank, by check
- Locate check forgery or falsification of loan applications